Cambiar Investors LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 3, 2025), Cambiar Investors LLC reported 140 stock positions worth $2.2 billion. Its top holding was Flutter Entertainment PLC-Di (FLUT) at 3.5% of the portfolio, followed by Uber Technologies (UBER, 2.9%) and Labcorp (LH, 2.6%). Compared with Q2 2025, it opened 4 new positions, sold out of 12, added to 28 and reduced 96. The biggest buy was a new position in Amrize (AMRZ) and the biggest sale an exit from American Electric Power (AEP).

Most Recent 13F
Q2 2026
Location
Denver, CO
CIK
0000823621
Portfolio Value
$2.2B (Q3 2025)
SEC Filing
0001172661-25-004536 ↗ filed Nov 3, 2025

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $2.7B Q1 2024 Q2 2024: $2.6B Q2 2024 Q3 2024: $2.6B Q3 2024 Q4 2024: $2.5B Q4 2024 Q1 2025: $2.4B Q1 2025 Q2 2025: $2.4B Q2 2025 Q3 2025: $2.2B $2.2B Q3 2025 Q4 2025: $2.2B Q4 2025 Q1 2026: $2.2B Q1 2026 Q2 2026: $2.3B Q2 2026

Holdings 140 stocks · $2.2B
FLUT Flutter Entertainment PLC-Di 3.52% 304,962 $77.5M Add +13.2%
UBER Uber Technologies Inc. 2.93% 657,288 $64.4M Reduce -15.4%
LH Labcorp Holdings Inc. 2.58% 197,869 $56.8M Reduce -21.9%
MDT Medtronic PLC 2.55% 589,415 $56.1M Reduce -8.2%
UNP Union Pacific Corp. 2.50% 232,970 $55.1M Reduce -4.5%
GOOGL Alphabet Inc. Class A 2.48% 224,747 $54.6M Reduce -33.3%
JPM JPMorgan Chase & Co. 2.47% 172,518 $54.4M Reduce -13.8%
CVX Chevron Corp. 2.47% 350,028 $54.4M Add +35.1%
DAL Delta Air Lines Inc. 2.47% 957,723 $54.4M Reduce -30.9%
ELV Elevance Health Inc. 2.46% 167,780 $54.2M Add +12.6%
AMZN Amazon.com Inc. 2.45% 245,784 $54.0M Reduce -8.8%
CNC Centene Corp. 2.39% 1,471,994 $52.5M Add +102.5%
PNC PNC Financial Services Group 2.33% 255,036 $51.2M Add +9.5%
SRE Sempra 2.27% 555,540 $50.0M Reduce -8.2%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 2.19% 546,347 $48.1M Reduce -12.5%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 2.15% 1,377,653 $47.3M Add +5.2%
ABNB Airbnb Inc. Class A 2.11% 382,362 $46.4M Reduce -10.5%
CMCSA Comcast Corp. Class A 2.10% 1,468,090 $46.1M Add +1.2%
AMRZ Amrize Ltd. 2.07% 939,282 $45.6M New
DEO Diageo PLC-Sponsored ADR 2.03% 467,288 $44.6M Reduce -9.7%
TGT Target Corp. 2.00% 489,724 $43.9M Add +5.4%
CB Chubb Ltd. 1.99% 154,709 $43.7M Reduce -8.6%
TXN Texas Instruments Inc. 1.98% 236,977 $43.5M Add +10.0%
PPG PPG Industries Inc. 1.98% 414,222 $43.5M Reduce -4.3%
BMY Bristol-Myers Squibb Co. 1.96% 957,335 $43.2M Reduce -6.1%
AMAT Applied Materials Inc. 1.84% 197,882 $40.5M Add +40.0%
CME Cme Group Inc. 1.83% 148,900 $40.2M Reduce -7.6%
TEL Te Connectivity PLC 1.64% 164,341 $36.1M Reduce -13.2%
MA Mastercard Inc. Class A 1.59% 61,636 $35.1M Reduce -9.2%
SYY Sysco Corp. 1.58% 423,288 $34.9M Reduce -7.9%
USB US Bancorp 1.57% 713,864 $34.5M Reduce -24.7%
REGN Regeneron Pharmaceuticals 1.51% 59,094 $33.2M Reduce -5.4%
AXP American Express Co. 1.46% 96,610 $32.1M Reduce -7.3%
STZ Constellation Brands Inc. Class A 1.39% 227,218 $30.6M Add +27.5%
WY Weyerhaeuser Co. 1.34% 1,188,380 $29.5M Reduce -6.7%
IWD iShares Russell 1000 Value E 1.29% 139,585 $28.4M Add +43.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.23% 186,850 $27.0M Reduce -7.4%
RTX RTX Corp. 1.21% 159,429 $26.7M Reduce -40.9%
ING ING Groep N.V.-Sponsored ADR 1.16% 976,631 $25.5M Reduce -3.6%
GRAB Grab Holdings Ltd. Class A 1.06% 3,887,143 $23.4M Add +20.5%
AZN Astrazeneca PLC-Spons ADR 0.94% 270,824 $20.8M Reduce -0.2%
ASML ASML Holding NV-NY Reg SHS 0.92% 20,797 $20.1M Reduce -1.1%
BCS Barclays PLC-Spons ADR 0.83% 887,631 $18.3M Reduce -3.9%
SONY Sony Group Corp. - SP ADR 0.81% 618,804 $17.8M Reduce -1.4%
TSM Taiwan Semiconductor-SP ADR 0.75% 59,179 $16.5M Reduce -6.0%
RYAAY Ryanair Holdings PLC-SP ADR 0.70% 256,330 $15.4M Reduce -3.7%
CNH CNH Industrial NV 0.64% 1,289,691 $14.0M Add +11.1%
ICLR Icon PLC 0.63% 79,030 $13.8M Reduce -0.2%
SAP Sap SE-Sponsored ADR 0.46% 38,267 $10.2M Reduce -0.8%
ALGN Align Technology Inc. 0.43% 75,911 $9.5M Add +43.3%
BWA Borgwarner Inc. 0.38% 190,542 $8.4M Reduce -36.1%
GNTX Gentex Corp. 0.36% 278,837 $7.9M Reduce -39.6%
EFA iShares MSCI Eafe ETF 0.35% 83,049 $7.8M Add +2.8%
BOKF Bok Financial Corporation 0.32% 63,658 $7.1M Reduce -28.0%
RGA Reinsurance Group of America 0.31% 36,049 $6.9M Reduce -37.2%
LSCC Lattice Semiconductor Corp. 0.31% 92,480 $6.8M New
GMED Globus Medical Inc. Class A 0.30% 116,480 $6.7M Reduce -32.4%
PB Prosperity Bancshares Inc. 0.29% 96,810 $6.4M Reduce -32.4%
WEX Wex Inc. 0.29% 40,719 $6.4M Reduce -22.3%
SRAD Sportradar Group AG-A 0.29% 236,084 $6.4M Reduce -41.5%
LECO Lincoln Electric Holdings 0.26% 24,612 $5.8M Reduce -43.8%
LFUS Littelfuse Inc. 0.26% 22,314 $5.8M Reduce -41.5%
PKG Packaging Corp. of America 0.26% 26,406 $5.8M Reduce -42.0%
LAZ Lazard Inc. 0.26% 108,596 $5.7M Reduce -33.2%
DINO HF Sinclair Corp. 0.26% 109,420 $5.7M Reduce -49.8%
PHR Phreesia Inc. 0.26% 240,793 $5.7M Reduce -35.8%
WBS Webster Financial Corp. 0.25% 93,006 $5.5M Reduce -41.9%
ATO Atmos Energy Corp. 0.25% 31,776 $5.4M Reduce -41.7%
FNF Fidelity National Financial 0.25% 89,212 $5.4M Reduce -45.9%
DGX Quest Diagnostics Inc. 0.24% 27,398 $5.2M Reduce -41.5%
NNN NNN REIT Inc. 0.24% 121,742 $5.2M Reduce -39.0%
MAS Masco Corp. 0.24% 73,493 $5.2M Reduce -40.7%
CBOE Cboe Global Markets Inc. 0.23% 21,059 $5.2M Reduce -41.4%
ACVA Acv Auctions Inc. Class A 0.23% 509,524 $5.0M Reduce -18.6%
WTRG Essential Utilities Inc. 0.23% 126,448 $5.0M Reduce -38.5%
DLB Dolby Laboratories Inc. Class A 0.23% 68,393 $4.9M Reduce -39.2%
LW Lamb Weston Holdings Inc. 0.22% 83,530 $4.9M Reduce -31.0%
DOX Amdocs Ltd. 0.22% 59,088 $4.8M Reduce -37.4%
PNW Pinnacle West Capital 0.22% 53,752 $4.8M Reduce -38.9%
WAT Waters Corp. 0.22% 15,905 $4.8M Reduce -33.1%
TTC Toro Co. 0.21% 62,058 $4.7M Reduce -34.5%
NXPI NXP Semiconductors NV 0.21% 20,036 $4.6M Reduce -32.3%
JBHT Hunt (jb) Transprt SVCS Inc. 0.21% 33,969 $4.6M Reduce -37.2%
EEFT Euronet Worldwide Inc. 0.21% 51,683 $4.5M Reduce -39.9%
ET Energy Transfer LP 0.20% 261,943 $4.5M Reduce -2.1%
EPAM Epam Systems Inc. 0.20% 29,417 $4.4M Reduce -38.4%
WSC Willscot Holdings Corp. 0.19% 201,179 $4.2M Reduce -33.6%
IJH iShares Core S&P Midcap ETF 0.19% 64,092 $4.2M Add +7.8%
COLD Americold Realty Trust Inc. 0.17% 306,332 $3.7M Reduce -34.0%
MOH Molina Healthcare Inc. 0.15% 17,316 $3.3M Reduce -28.0%
RMBS Rambus Inc. 0.11% 23,747 $2.5M Reduce -17.6%
TSEM Tower Semiconductor Ltd. 0.10% 31,025 $2.2M Reduce -11.4%
FAF First American Financial 0.09% 32,104 $2.1M No change
UCB United Community Banks 0.09% 65,384 $2.0M Add +0.1%
SHY iShares 1-3 Year Treasury Bo 0.09% 24,431 $2.0M Reduce -56.7%
RNR Renaissancere Holdings Ltd. 0.09% 7,874 $2.0M Add +0.5%
WNS WNS Holdings Ltd. filed as WNS HLDGS LTD 0.09% 25,721 $2.0M No change
HSTM Healthstream Inc. 0.09% 67,229 $1.9M No change
UBSI United Bankshares Inc. 0.08% 50,085 $1.9M Add +0.4%
FTDR Frontdoor Inc. 0.08% 27,674 $1.9M Reduce -40.5%
NTST Netstreit Corp. 0.08% 102,978 $1.9M No change
ATMU Atmus Filtration Technologie 0.08% 40,752 $1.8M Reduce -19.7%
USPH U.S. Physical Therapy Inc. 0.08% 21,621 $1.8M Add +5.5%
AEIS Advanced Energy Industries 0.08% 10,781 $1.8M Reduce -36.6%
MCRI Monarch Casino & Resort Inc. 0.08% 16,871 $1.8M Reduce -39.8%
TCBI Texas Capital Bancshares Inc. 0.08% 20,310 $1.7M Reduce -31.6%
CAMX Cambiar Aggressive Value ETF 0.08% 55,000 $1.7M Reduce -59.3%
ADUS Addus Homecare Corp. 0.08% 14,179 $1.7M Add +10.1%
ALG Alamo Group Inc. 0.07% 8,642 $1.6M No change
IDA Idacorp Inc. 0.07% 12,379 $1.6M No change
TXNM TXNM Energy Inc. 0.07% 28,008 $1.6M No change
NOV Nov Inc. 0.07% 116,619 $1.5M New
HUBG Hub Group Inc. Class A 0.07% 44,815 $1.5M Add +14.1%
OLED Universal Display Corp. 0.07% 10,655 $1.5M Add +4.9%
DIOD Diodes Inc. 0.07% 28,523 $1.5M Add +23.6%
CBT Cabot Corp. 0.06% 16,959 $1.3M No change
USFR Wisdomtree Floating Rate Tre 0.06% 25,228 $1.3M Reduce -87.0%
HCSG Healthcare Services Group 0.06% 72,953 $1.2M Reduce -36.2%
MMI Marcus & Millichap Inc. 0.06% 41,689 $1.2M No change
GS Goldman Sachs Group Inc. 0.05% 1,246 $992K Reduce -14.9%
E Eni SPA-Sponsored ADR 0.04% 25,115 $878K Reduce -81.7%
AGZ iShares Agency Bond ETF 0.04% 7,928 $875K Reduce -0.2%
QLTA iShares Aaa - A Rated Corpor 0.04% 16,408 $795K Reduce -0.2%
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 3,239 $604K Add +8.5%
HLN Haleon PLC-ADR 0.03% 66,003 $592K Reduce -94.9%
IEI iShares 3-7 Year Treasury Bo 0.02% 4,139 $495K No change
MRVL Marvell Technology Inc. 0.02% 5,729 $482K Reduce -17.6%
WMB Williams Cos Inc. 0.02% 7,501 $475K Reduce -21.1%
IEF iShares 7-10 Year Treasury B 0.02% 4,313 $416K No change
WELL Welltower Inc. 0.02% 2,167 $386K Reduce -7.4%
ICE Intercontinental Exchange Inc. 0.02% 2,183 $368K Reduce -0.8%
CTVA Corteva Inc. 0.02% 5,298 $358K Reduce -21.7%
IEUR iShares Core MSCI Europe ETF 0.01% 4,686 $319K Add +19.9%
NVS Novartis AG-Sponsored ADR 0.01% 2,114 $271K Reduce -8.2%
VSAT Viasat Inc. 0.01% 9,045 $265K Reduce -25.3%
MSI Motorola Solutions Inc. 0.01% 500 $229K Reduce -0.2%
VEA Vanguard Ftse Developed ETF 0.01% 3,801 $228K Add +3.8%
IVE iShares S&P 500 Value ETF 0.01% 1,068 $221K Reduce -11.0%
MGA Magna International Inc. 0.01% 4,450 $211K New
ASX Ase Technology Holding -ADR 0.01% 16,700 $185K No change

Portfolio Sells Q2 2025 → Q3 2025
AEP American Electric Power Sold out 0.00% −1.40
HLN Haleon PLC-ADR Reduce -94.9% 0.03% −0.54
RTX RTX Corp. Reduce -40.9% 1.21% −0.44
SKX Skechers USA Inc. Class A Sold out 0.00% −0.40
DAL Delta Air Lines Inc. Reduce -30.9% 2.47% −0.39
IPGP Ipg Photonics Corp. Sold out 0.00% −0.39
USFR Wisdomtree Floating Rate Tre Reduce -87.0% 0.06% −0.35
ABNB Airbnb Inc. Class A Reduce -10.5% 2.11% −0.27
USB US Bancorp Reduce -24.7% 1.57% −0.24
LH Labcorp Holdings Inc. Reduce -21.9% 2.58% −0.21
ACVA Acv Auctions Inc. Class A Reduce -18.6% 0.23% −0.20
PHR Phreesia Inc. Reduce -35.8% 0.26% −0.19
SRAD Sportradar Group AG-A Reduce -41.5% 0.29% −0.19
DEO Diageo PLC-Sponsored ADR Reduce -9.7% 2.03% −0.17
RGA Reinsurance Group of America Reduce -37.2% 0.31% −0.16
EEFT Euronet Worldwide Inc. Reduce -39.9% 0.21% −0.16
WSC Willscot Holdings Corp. Reduce -33.6% 0.19% −0.16
COLD Americold Realty Trust Inc. Reduce -34.0% 0.17% −0.15
EPAM Epam Systems Inc. Reduce -38.4% 0.20% −0.15
MOH Molina Healthcare Inc. Reduce -28.0% 0.15% −0.15
E Eni SPA-Sponsored ADR Reduce -81.7% 0.04% −0.15
FNF Fidelity National Financial Reduce -45.9% 0.25% −0.14
DOX Amdocs Ltd. Reduce -37.4% 0.22% −0.14
WAT Waters Corp. Reduce -33.1% 0.22% −0.13
PB Prosperity Bancshares Inc. Reduce -32.4% 0.29% −0.13
NNN NNN REIT Inc. Reduce -39.0% 0.24% −0.13
DLB Dolby Laboratories Inc. Class A Reduce -39.2% 0.23% −0.13
GMED Globus Medical Inc. Class A Reduce -32.4% 0.30% −0.12
UBER Uber Technologies Inc. Reduce -15.4% 2.93% −0.12
JBHT Hunt (jb) Transprt SVCS Inc. Reduce -37.2% 0.21% −0.12
LECO Lincoln Electric Holdings Reduce -43.8% 0.26% −0.12
CBOE Cboe Global Markets Inc. Reduce -41.4% 0.23% −0.12
WBS Webster Financial Corp. Reduce -41.9% 0.25% −0.12
DGX Quest Diagnostics Inc. Reduce -41.5% 0.24% −0.12
DINO HF Sinclair Corp. Reduce -49.8% 0.26% −0.12
PNW Pinnacle West Capital Reduce -38.9% 0.22% −0.11
ATO Atmos Energy Corp. Reduce -41.7% 0.25% −0.11
SHY iShares 1-3 Year Treasury Bo Reduce -56.7% 0.09% −0.10
CAMX Cambiar Aggressive Value ETF Reduce -59.3% 0.08% −0.10
LFUS Littelfuse Inc. Reduce -41.5% 0.26% −0.10
MAS Masco Corp. Reduce -40.7% 0.24% −0.10
PKG Packaging Corp. of America Reduce -42.0% 0.26% −0.10
WTRG Essential Utilities Inc. Reduce -38.5% 0.23% −0.09
PPG PPG Industries Inc. Reduce -4.3% 1.98% −0.09
NVEE NV5 Global Inc. Sold out 0.00% −0.09
CB Chubb Ltd. Reduce -8.6% 1.99% −0.08
GNTX Gentex Corp. Reduce -39.6% 0.36% −0.07
LAZ Lazard Inc. Reduce -33.2% 0.26% −0.07
TTC Toro Co. Reduce -34.5% 0.21% −0.07
NXPI NXP Semiconductors NV Reduce -32.3% 0.21% −0.06

Portfolio Buys Q2 2025 → Q3 2025
AMRZ Amrize Ltd. New 2.07% +2.07
CVX Chevron Corp. Add +35.1% 2.47% +0.91
AMAT Applied Materials Inc. Add +40.0% 1.84% +0.75
CNC Centene Corp. Add +102.5% 2.39% +0.73
PNC PNC Financial Services Group Add +9.5% 2.33% +0.50
IWD iShares Russell 1000 Value E Add +43.8% 1.29% +0.50
GRAB Grab Holdings Ltd. Class A Add +20.5% 1.06% +0.38
LSCC Lattice Semiconductor Corp. New 0.31% +0.31
SLB SLB Ltd. Add +5.2% 2.15% +0.29
FLUT Flutter Entertainment PLC-Di Add +13.2% 3.52% +0.28
STZ Constellation Brands Inc. Class A Add +27.5% 1.39% +0.17
TXN Texas Instruments Inc. Add +10.0% 1.98% +0.10
TGT Target Corp. Add +5.4% 2.00% +0.07
NOV Nov Inc. New 0.07% +0.07
EFA iShares MSCI Eafe ETF Add +2.8% 0.35% +0.05
IJH iShares Core S&P Midcap ETF Add +7.8% 0.19% +0.04
ELV Elevance Health Inc. Add +12.6% 2.46% +0.03
DIOD Diodes Inc. Add +23.6% 0.07% +0.02
USPH U.S. Physical Therapy Inc. Add +5.5% 0.08% +0.02
HUBG Hub Group Inc. Class A Add +14.1% 0.07% +0.01
ADUS Addus Homecare Corp. Add +10.1% 0.08% +0.01
UCB United Community Banks Add +0.1% 0.09% +0.01
RNR Renaissancere Holdings Ltd. Add +0.5% 0.09% +0.01
ALGN Align Technology Inc. Add +43.3% 0.43% +0.01
MGA Magna International Inc. New 0.01% +0.01
UBSI United Bankshares Inc. Add +0.4% 0.08% +0.01
VTV Vanguard Mrngstr Val ETF-Aui Add +8.5% 0.03% +0.01
IEUR iShares Core MSCI Europe ETF Add +19.9% 0.01% +0.00
OLED Universal Display Corp. Add +4.9% 0.07% +0.00
CNH CNH Industrial NV Add +11.1% 0.64% +0.00
VEA Vanguard Ftse Developed ETF Add +3.8% 0.01% +0.00
CMCSA Comcast Corp. Class A Add +1.2% 2.10% −0.08

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 150$2.3BDAL, GOOGL, UNP, BMY, LH
Q1 2026 145$2.2BDAL, AMRZ, UNP, SLB, UBER
Q4 2025 146$2.2BGOOGL, ELV, AMRZ, UNP, CME
Q3 2025 140$2.2BFLUT, UBER, LH, MDT, UNP
Q2 2025 148$2.4BFLUT, UBER, DAL, LH, GOOGL
Q1 2025 154$2.4BUBER, CME, ELV, BMY, LH
Q4 2024 154$2.5BDAL, GOOGL, DEO, CME, LH
Q3 2024 147$2.6BDAL, DEO, CME, LH, MDT
Q2 2024 145$2.6BTXN, GOOGL, GS, CVE, CVX
Q1 2024 144$2.7BRTX, AXP, CVE, GS, CVX